DiNapoli seeks to invest $528M in New York companies

The money, from the New York State Common Retirement Fund’s In-State Private Equity Investment Program, would go to companies that have innovative, cutting-edge technology and have the potential to provide solid returns, state Comptroller Thomas DiNapoli said today.

“I have a fiduciary obligation to find sound investments that will provide strong returns,” he said in a news release.

The comptroller’s office, along with its investment adviers, plan a road show to meet with state entrepreneurs and companies about the funding opportunities the state can offer.

Locally, DiNapoli plans to meet with entrepreneurs and companies when he speaks at the SmartStart UNYTECH Venture Forum, hosted by the Center for Economic Growth, at the Crowne Plaza in downtown Albany on May 20.